Grants and Contributions:

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Title:
Virtual Power Plant Challenge
Agreement Number:
1025073
Agreement Value:
$50,000.00
Agreement Date:
Oct 25, 2024 - Mar 31, 2025
Description:
The municipality will manage and operate a virtual power plant (VPP) challenge to SMEs that offer a solution that will allow for complete monitoring, feedback, and management of their different electrical grid power supply technologies (wind, solar, battery, etc). The VPP project aims to revolutionize how the municipality manages and optimizes its energy resources by integrating various distributed energy resources (DERs) such as solar panels, wind turbines, battery storage systems, smart meters and customer demand response mechanisms into a cohesive and highly efficient virtual power system. Solutions may include simulations that can be run using historical and real-time data on energy production and consumption. Solutions may also include advanced predictive analytics and machine learning algorithms to forecast demand and supply, allowing the VPP to make pre-emptive adjustments to reduce GHGs and improve overall efficiency.
Organization:
National Research Council Canada
Expected Results:

The purpose of IRAP Contributions to Organizations is to support Organizations in building and integrating the innovation capacity in Canada for the benefit of Firms in Canada, primarily SMEs and to support Organizations in providing innovation assistance services to SMEs in Canada.

Location:
Summerside, Prince Edward Island, CA C1N 1H9
Reference Number:
172-2024-2025-Q3-1025073
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
899762082
Recipient Type:
Not-for-profit organization or charity
Recipient's Legal Name:
City of Summerside
Federal Riding Name:
Egmont
Federal Riding Number:
11003
Program:
Industrial Research Assistance Program – Contributions to Organizations
Program Purpose:

The purpose of IRAP Contributions to Organizations is to support Organizations in building and integrating the innovation capacity in Canada for the benefit of Firms in Canada, primarily SMEs and to support Organizations in providing innovation assistance services to SMEs in Canada.

Coverage:
IRAP Contributions to Organizations projects stimulate wealth creation for Canada through technological innovation.
NAICS Code:
9139